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Komatsu (TSE:6301) E10 : 円231.12 (As of Mar. 2024)


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What is Komatsu E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Komatsu's adjusted earnings per share data for the three months ended in Mar. 2024 was 円94.240. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円231.12 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Komatsu's average E10 Growth Rate was 14.10% per year. During the past 3 years, the average E10 Growth Rate was 11.00% per year. During the past 5 years, the average E10 Growth Rate was 6.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Komatsu was 11.00% per year. The lowest was -1.00% per year. And the median was 4.05% per year.

As of today (2024-05-28), Komatsu's current stock price is 円4618.00. Komatsu's E10 for the quarter that ended in Mar. 2024 was 円231.12. Komatsu's Shiller PE Ratio of today is 19.98.

During the past 13 years, the highest Shiller PE Ratio of Komatsu was 27.89. The lowest was 8.63. And the median was 16.20.


Komatsu E10 Historical Data

The historical data trend for Komatsu's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Komatsu E10 Chart

Komatsu Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 174.94 169.07 176.58 202.54 231.12

Komatsu Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 202.54 210.89 218.64 226.03 231.12

Competitive Comparison of Komatsu's E10

For the Farm & Heavy Construction Machinery subindustry, Komatsu's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Komatsu's Shiller PE Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Komatsu's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Komatsu's Shiller PE Ratio falls into.



Komatsu E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Komatsu's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=94.24/107.2000*107.2000
=94.240

Current CPI (Mar. 2024) = 107.2000.

Komatsu Quarterly Data

per share eps CPI Adj_EPS
201406 39.490 98.000 43.197
201409 42.220 98.500 45.949
201412 40.440 97.900 44.282
201503 39.710 97.900 43.482
201506 34.470 98.400 37.553
201509 34.510 98.500 37.558
201512 40.940 98.100 44.738
201603 35.690 97.900 39.080
201606 16.520 98.100 18.052
201609 23.230 98.000 25.411
201612 32.640 98.400 35.559
201703 47.710 98.100 52.136
201706 38.540 98.500 41.944
201709 69.210 98.800 75.094
201712 56.440 99.400 60.869
201803 43.780 99.200 47.311
201806 66.670 99.200 72.047
201809 66.070 99.900 70.898
201812 62.250 99.700 66.933
201903 76.520 99.700 82.276
201906 50.250 99.800 53.976
201909 45.070 100.100 48.267
201912 47.830 100.500 51.019
202003 19.650 100.300 21.002
202006 17.200 99.900 18.457
202009 22.260 99.900 23.887
202012 30.340 99.300 32.754
202103 42.590 99.900 45.702
202106 43.260 99.500 46.608
202109 55.270 100.100 59.190
202112 65.960 100.100 70.638
202203 73.430 101.100 77.860
202206 85.100 101.800 89.614
202209 86.840 103.100 90.293
202212 73.320 104.100 75.503
202303 99.920 104.400 102.600
202306 111.480 105.200 113.599
202309 105.860 106.200 106.857
202312 104.350 106.800 104.741
202403 94.240 107.200 94.240

Add all the adjusted EPS together and divide 10 will get our e10.


Komatsu  (TSE:6301) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Komatsu's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4618.00/231.12
=19.98

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Komatsu was 27.89. The lowest was 8.63. And the median was 16.20.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Komatsu E10 Related Terms

Thank you for viewing the detailed overview of Komatsu's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Komatsu (TSE:6301) Business Description

Traded in Other Exchanges
Address
3-6 Akasaka 2-chome, Minato-ku, Tokyo, JPN, 107-8414
Komatsu manufactures and sells construction, mining, utility, forestry, and industrial machinery. It also provides related services such as supplying parts, financing, and maintenance. Its major products are hydraulic excavators, bulldozers, wheel loaders, dump trucks, and motor graders, which focus on surface mining and construction. Through its subsidiary, Komatsu Mining (previously Joy Global before being acquired), the company manufactures and sells surface mining equipment like draglines as well as underground mining machinery such as continuous miners and blasthole drills. The company is headquartered in Tokyo.

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